He said this in a deposition? So, in other words, he is trying to convince the court he is broke, why? I think it is yet another case of "scumbag millionaire being scumbag millionaire". The daily Mail, again reports only part of the story.

lj1330:He said this in a deposition? So, in other words, he is trying to convince the court he is broke, why? I think it is yet another case of "scumbag millionaire being scumbag millionaire". The daily Mail, again reports only part of the story.

yeah I want to hear what that 108 million judgement was for. That seems like the basic story here and they just gloss over it.

"Kramer says he will 'declare bankruptcy, probably' when the $300,000 runs out.

But when he's reminded that bankruptcy doesn't provide an income, he says he'll live 'off my friends and family.'

'I'm everywhere invited,' he says."

That's because you had money. Your VIP card is a subscription!

Daily Mail, so assuming that this entire article isn't made up:People only tolerated your ass because you had a lot of money and spent it like it mad on people around you. Once you're out of money no one will want you around.

NickelP:lj1330: He said this in a deposition? So, in other words, he is trying to convince the court he is broke, why? I think it is yet another case of "scumbag millionaire being scumbag millionaire". The daily Mail, again reports only part of the story.

yeah I want to hear what that 108 million judgement was for. That seems like the basic story here and they just gloss over it.

He owed real estate profits to his ex-wife's stepfather. The amount was $20M 20 years ago, but interest and punitive damages have ballooned that amount. The stepfather died in 1997, but his kids still want the money. Interestingly, Stepdad made his own fortune by literally printing money for decades.

I really never ceases to amaze me how someone could blow that much cash and have nothing to show for it.

If I bought 2 of everything I've ever wanted or needed in life, I would still have $millions$ left over.I mean, one simple investment in a reasonable savings account should provide enough income to live pretty well...

So, thank you to this guy for bolstering the economy by putting so much money into it. But fark him all the way home for wasting all his money. Not a single bit of sympathy is given from here.